View Single Post
Old 09-21-2012, 04:08 PM   #14
Rain Man Rain Man is online now
Bringing the posts every day.
 
Rain Man's Avatar
 

Join Date: Jul 2001
Location: Mortal plane
Casino cash: $43038
VARSITY
By 'lowered rate deduction', do you mean a lower rate in general? Or is this some other term that I don't understand?

The mortgage rate deduction is flawed in that it provides a bigger benefit to those who are more affluent and it encourages people to buy more home than they need, which has all sorts of other implications. It would be better to have a lower rate, but I have no idea how you put that genie back in the bottle. Phasing out the home mortgage deduction would be very difficult and it would damage a lot of households. I don't know how you could even do it from a realistic perspective.
__________________
My past posts echo through the hallowed halls of Chiefsplanet.
Posts: 88,628
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
  Reply With Quote